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Compensation Analyst

2 months ago

Des Moines, Iowa, United States Wellmark, Inc. Full time
Job Overview

Company Overview:
Wellmark, Inc. is a mutual insurance organization dedicated to serving the needs of our policyholders in Iowa and South Dakota. With a legacy of over 80 years, we prioritize the welfare of our members over profit, fostering a culture of trust and commitment to sustainability and innovation.

Role Summary:

Utilize Your Expertise as a Payroll Analyst

In the role of Payroll Analyst, you will be responsible for executing comprehensive payroll processing and associated duties necessary for managing multi-state and multi-company biweekly payrolls. This includes:

  • Maintaining accurate payroll records.
  • Processing both voluntary and involuntary deductions.
  • Preparing financial transactions and documentation.
  • Documenting and updating payroll procedures.
  • Generating routine and special reports as requested by management.

Your contributions will be vital in the development, implementation, and documentation of payroll processes and controls that influence the company's financial statements. You will also assess the adequacy of these controls to ensure compliance with Sarbanes-Oxley principles, ensuring that financial statements are complete and accurate.

Ideal Candidate Profile:

The successful candidate will demonstrate a strong customer focus and take pride in enhancing the employee experience. Key attributes include:

  • Exceptional attention to detail and organizational skills.
  • Ability to meet deadlines and manage multiple priorities.
  • In-depth knowledge of end-to-end payroll processing and familiarity with payroll-related tax laws and regulations.
  • Strong problem-solving abilities and effective communication skills, essential for collaboration with colleagues and stakeholders.
Qualifications:

Required:

  • Associate's Degree in Business, Finance, or Accounting, or equivalent work experience.
  • A minimum of 3 years of relevant experience in payroll administration, particularly in complex payroll environments.
  • Proficient understanding of state and federal taxation laws and regulatory reporting.
  • Familiarity with corporate benefits policies and their application to payroll.
  • Strong organizational skills with the ability to prioritize tasks effectively.
  • Excellent written and verbal communication skills, with experience in team collaboration and stakeholder engagement.
  • Experience in generating and analyzing payroll reports.

Preferred:

  • Experience with Workday software.
Additional Responsibilities:

As a Payroll Analyst, you will also:

  • Provide expertise in payroll practices and regulations to ensure compliance and efficiency.
  • Administer financial transactions related to payroll accruals and liabilities.
  • Ensure accurate general ledger postings and assist with complex payroll-related accounting issues.
  • Research and resolve payroll inquiries, enhancing service levels.
  • Coordinate information for audits and legal inquiries.
  • Prepare reports related to compensation and labor statistics as required.
  • Assist in auditing payroll reports and year-end tax documents.
  • Maintain collaborative relationships with payroll vendors and stakeholders.
  • Recommend improvements to payroll processes and systems.

Equal Opportunity Employer: Wellmark Blue Cross Blue Shield is committed to recruiting, hiring, training, and promoting individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity, or any other characteristic protected by law.